pilomotor
35040
727
11
Mar 27, 2025 1:05 PM
pilomotor
35040
727
11
CheshirexKitten
Shop pay and paypal offer the same format. 4 interest free payments. Not saying it's good, but the interest free part is what makes a difference over credit cards or payday loans.
CatSparkleBreaker
my wife just got got by a "deferred interest loan." she set it up to pay it off completely in the promotion period and "something" changed her autopay amount at some point so the small remaining balance automatically brought the entire interest amount due. I told her to contest it, this is exactly what the CFPB was set up for, but she just wanted to be done with it and there are no consumer protections worth a damn anymore so it's just another expensive lesson in this capitalist hellscape.
AutomaticCordonBleu
Surely groceries are cheaper than food from a restaurant that's delivered? If you're truly struggling to afford food, chicken and rice is cheap.
TNSCLuotaMEa4fVN
Old timer here. What happened to going and getting your food yourself. No, it's not as convenient, but it's hella cheaper! Klsrna is depending on people doing single purchases and forgetting they add up, Then Klarna has their hand in your pocket forever.
cuprohastes
Anything you buy through Doordash is going to have a higher price than the store, plus the various fees for delivery, and then the interest on top for Klarna. Yeah you can get $100 of food delivered but it'll cost you $160. This is rent seeking on people who are eitehr wealthy or have no choice. It's American Healthcare for Food.
Tier7Gaming
Let's not forget that predatory payday loans still exist and are substantially worse than Klarna. My girlfriend got herself into some trouble with loans awhile back, taking out multiple payday loans with interest rates between 200-400%. Yes, you read that correctly. She took out a loan for $900 and their payment plan was going to have her pay $27,000 by the time she was done. I much prefer her using Klarna than those...
Schnerfle
The premise for Fable for the End of the World by Ava Reid is basically the logical next steps of what this would look like
dashriproc1
May be obvious to say, but predatory lending is evil. I worked for a MasterCard partner company that provided payday loans approved by the leading consumer finance advocacy group for emergency cash (e.g. - car repair, hospital visit). Customers were so tired of being scammed, and our rates were so reasonable that they did not believe our offering was real. Still feel badly for those customers. Everything was stacked against them.
RickHalcyon
The very concept of Loans only continues because it's a way those WITH money can get MORE without having to DO anything. Fuck all this.
kobun253
Ah yes the wimpy from Popeye app
noparablema
You should trademark that quick
WhiskyBravo
Sisyphus laughs while pushing his boulder
ColleenMarie
My husband door dashes. And I do the driving. We do 1/3 to the boarding schools (4 in our county) 1/3 to just... like... houses, and 1/3 to low income housing projects. And when, on the first of the month I find us taking a $14 smoothy to the projects and have uncharitable thoughts, I am reminded that I have a couple of friends on disability who are unable to save up to buy a car because if they have more than $2500 in cash or assets, they lose their health care.
GrosseChung
Is there really no interest tho? Couldn’t you just use this as an interest free credit card instead of a typical very high interest credit card?
FizzleBurger
I'm a strong advocate for harm reduction, but any system that claims to reduce harm needs to be evaluated for ways it can be leveraged to exploit vulnerable people.
Doubly so if it's a for-profit system, because that's how ya get destructive feedback loops.
MightyIink
Collection agencies are going to be making bank while people starve.
IdiotSavantTinker
The only reason any of this is still working is because most people aren't yet starving. That's going to change, and then food will just get stolen.
SkeksiLady
I worked as a collections agent for two months. It's such a nasty racket. The people who "did well" had the mentality that "well, these people took out loans and now they owe on them and if they don't pay, they're deadbeats" and just couldn't comprehend how predatory and stacked against the average person these loans are.
I couldn't get myself to pressure people into paying. If they said no, I thanked them and hung up.
It wasn't for me.
AFaceOnlyAMotherCouldLove
I gave my hospital my insurance and still got charged 2k. Went to collections and I'm just watching my credit drop as I finish university... Life right?
TisCass
Afterpay has been available on doordash Australia for a while, it IS handy on weeks when you're a tad short
SPACETOEST
nothing says a functioning society like needing to pay for your food in installments
Julesyxx
The "funny" thing is, is that Klarna is a swedish app. They do have quite a good welfare system but still not perfect of course.
TheBlueMuppet
"GIMME BACK MY FOOD!!" - Professor Bobo
KillingTlme
or.. hear me out... go grocery shopping, cook the food, or pick up your own dinner.
barstr7
Hear me out… some people don't have a car or a drivers license. Some people are elderly or physically disabled. Not everyone can shop or cook.
georgejimmydoodle
Is it usuary if it is zero interest?
Piano440
Dordask accepts EBT but charges more for deliveries.
ssjalhazred
There's also a credit card now that's financed by your car.
pixelsnader
If you think "but it's (interest) free lending, how's that bad? Klarna hurts borrowers in 3 ways.
If you miss payment(s) you pay a hefty price ($7 or 25% for one miss, 28%APR if you keep missing). And you WILL miss a payment, eventually.
Shops that use klarna, pay klarna to do so. This will affect product pricing.
Lowers the barrier to purchase, by making it feel more money is available. Which means you spend more than you actually can.
DustinJL
#I'm really starting to get annoyed by people putting a hashtag in front of an entire sentence. #It doesn't add anything to what you are saying and is pointless. #It makes you look like a moron.
DanBearCat
That's just how tumblr formats 'tags', a sort of nested comment system. The users aren't manually hashtagging them.
DustinJL
I swear it wasn't like that back in 2012-2014 when I used it last. When did it change?
DanBearCat
Been the norm to deliberately misuse the system for this for as long as I've used it, so at least a decade ago?
distractedFreek
That's how Tumblr works.
georgejimmydoodle
Were we supposed to be reading hashtags?
PeteyVonWho
I had to use a payday loan place once. Once. Only because I hadn't received my first paycheck from my new job. I still get calls and mail from them a year and a half later asking me if I want to borrow money again. These places are predatory, full stop.
I remember as a kid my mom would borrow from one just to pay another. It's a vicious cycle that is designed to keep you poor
NaughtButOne
The thing that everyone's missing, the explicit PURPOSE of these things is to make people buy things they normally would, or could not. If I make $50 a month, I might think twice about whether or not I really need this [thing] that costs $100. But if I can buy it in four instalments of $25? Well surely I can afford *that*, right? It's completely bypassed a lot of my critical thinking. *That's* why it's predatory. The very purpose is "buy now, think never".
sparmek
Here to confirm. The CEO, or company can claim whatever they want as a purpose, it's what they actually produce.
https://en.m.wikipedia.org/wiki/The_purpose_of_a_system_is_what_it_does
TheMershedPerderder
Except Klarna charges for their services.
NaughtButOne
They charge the merchant. They take a cut. The merchant still comes out ahead if people are buying stuff they normally wouldn't. afaik these services are interest free and have no added charges to the customer except under specific circumstances.
layinginbedfeelinglikeaquesarito
People have been using credit cards to order food at at the grocery store for decades, yet somehow this feels more predatory. I’m not sure why it feels like there is a difference, if I put the DoorDash on Klarna or a credit card it is effectively the same result, paying over time for food I can’t afford right now. Maybe because it’s like signing up for a CC at the point of sale? Maybe we’re just used to CCs and Klarna is new in this space. Just feels different, but shouldn’t
akwarddNNJA
The issue is that credit cards have a hard limit and you can't use more than your limit. Klarna doesn't have a limit and it will be very easy for struggling people or people with little self control to use it constantly and not realize just how much they're paying weekly or monthly or whatever the pay period is. It might be useful once to cover a purchase, but using it multiple times a week every week will lead to hundreds of dollars in payments and they likely won't notice it happening.
n0n53n53
This is like a payday loan. Intended to keep people dependent on constantly using the service because they'll always be behind.
Northwindlowlander
The single most important difference imo is that Klarna is available to and intentionally targets people who can't have a credit card. I mean affordability/viability checking is pretty weak for credit cards too most places but it's still just about enough to keep most out of "intentionally lending money to people who can't pay it back" territory.
dalaiyoda
There's a difference between using credit cards to shop because they want to rack up points or whatever, and going into debt for dinner.
TripleDane
Creditcard at least dont charge interest rates if you pay it off in time.
8gigsofshark
Klarna also doesn't for most of its services. It's when you miss a payment that the hammer hits you.
TripleDane
TY for the clarification
LeoGrun19401
Klarna is only useful is you can use is as you would a credit card and make the payments on time. This means you need a regular income, which would generally qualify you for a credit card anyway. It's only people working under the table who can really use Klarna in a way that won't just land them in a bunch of debt.
crazyspelling
You need an SSN and a credit check for a CC. You know who doesn't have an SSN? Illegal immigrants.
8gigsofshark
Yup. This, like other loan rackets, targets undocumented and under-documented populations, who have little protection and less recourse to better options.
Corrodias
It depend upon their terms. The fact that they're offering this, when credit cards already exist (as you pointed out), implies to me that the terms aren't going to be good. Then again, credit cards tend to have high interest rates, so it is not necessarily so.
StumpyGwumpy
But credit cards give you rewards... Klarna gives you bankruptcy risk
dohcohv
Klarna probably takes a lower percent from retailers than credit cards, hence the no rewards. Credit cards will take about 3% which is why some grocery stores(WinCo) only allow debit cards because the % is lower and grocery stores have thin margins.
Klarna taking 1-2% is lower than a credit card, they are still making money and Door dash doesn't have to deal with different companies or uses them to negotiate lower % with credit card companies.
AGrammeIsBetterThanADamn
Let's not fucking pretend credit cards don't carry a bankruptcy risk.
XeononSolomon
Boy I can't wait to be in debt to the company store.
micuu
Something something 16 tons
stopoverthinkingitcrazy
The people yearn for the mines /s
AlwaysDownvotesDogs
What? What did you get?
velourfog89
This was only a couple hours ago so they aren’t another day older yet, but definitely deeper in debt